Schneider Electric is nearing an agreement to acquire Bulgaria-based Shelly Group.
The potential deal values the smart home manufacturer at approximately €1.27 billion.
Schneider Electric reportedly offered about €70 per share, excluding debt.
Shelly Group confirmed preliminary discussions in late July 2026.
The acquisition would expand Schneider Electric’s portfolio into more than 100 markets.
The move aims to strengthen the company's position in the Internet of Things sector.